What Price Water Marketing?

by Mason Gaffney

Scholarly article, 1997

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Gaffney, Mason. “What Price Water Marketing?: California’s New Frontier.” The American Journal of Economics and Sociology, vol. 56, no. 4, 1997, pp. 475–520, https://doi.org/10.1111/j.1536-7150.1997.tb02656.x.


Library's review

Abstract supplied by Wiley Publishing: We can multiply the value of output from limited natural water supplies by allocating them to higher uses. To this end we need a market in raw water, but existing markets work badly, for several reasons. Sellers are undermotivated, absent taxes or debt. Free
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groundwater subverts the pricing of surface water. Loss of elevation, and damage from effluents, and instream uses are not charged for. Obsolete subsidies abound; obsolete entitlements dominate allocation. Some trades extinguish public rights. Rent-seeking distorts allocation. Needed public agencies have been subverted by organized land speculators. Recommendations are given.
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[ ]: American Journal of Economics and Sociology

Original language



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